Offered for sale with a sitting tenant currently achieving £650 per calendar month, this spacious three-bedroom first floor flat represents an excellent opportunity for landlords and investors seeking an established residential investment with a tenant already in situ.
The property is accessed via a private entrance door, with stairs leading to the first floor where the accommodation comprises a spacious lounge, kitchen, bathroom and three bedrooms. There is also a staircase leading down to the rear access, providing convenient access to the property.
The three-bedroom accommodation offers a versatile layout and is well suited to the needs of tenants, while the existing tenancy provides an immediate rental income stream for an incoming purchaser. The property is therefore likely to appeal particularly to landlords looking to add to an existing portfolio or those seeking their first investment property.
Situated in the popular Pelaw area of Gateshead, the property is conveniently positioned for a range of everyday amenities. Local shops and convenience facilities are readily accessible.
Pelaw Metro Station and Heworth Metro Station providing convenient connections towards Newcastle city centre, Sunderland and surrounding areas. The area also benefits from good access to the region's road network, making the property well placed for access to both Newcastle and Sunderland.
ENTRANCE HALL
The entrance hall provides access to the first floor via a staircase leading to the landing, from which the main accommodation is accessed.
FIRST FLOOR LANDING
The entrance hall benefits from a panelled ceiling and provides access to the first floor accommodation via the staircase, with doors leading to the bedrooms and lounge.
LOUNGE
A spacious reception room featuring a UPVC-framed double-glazed window providing natural light, together with a radiator. A feature fire surround with inset and hearth houses a gas fire, creating an attractive focal point to the room.
KITCHEN
Fitted with a range of white high-gloss base and wall units complemented by laminate work surfaces, incorporating an inset sink unit with mixer tap. Integrated appliances include an oven and hob with a stainless steel chimney-style extractor above. There is plumbing for an automatic washing machine, together with a UPVC-framed double-glazed window providing natural light and a radiator. Stairs lead down from the kitchen to the rear access.
INNER HALL
The inner hall provides access to the bathroom and benefits from a useful built-in storage cupboard.
FAMILY BATHROOM
Fitted with a white suite comprising panel bath with inset electric shower over, wash hand basin and WC. The bathroom also benefits from a radiator and UPVC-framed double-glazed window providing natural light.
BEDROOM ONE
A spacious double bedroom benefiting from a UPVC-framed double-glazed window providing natural light, together with a radiator.
BEDROOM TWO
A well-proportioned bedroom featuring a UPVC-framed double-glazed window providing natural light, together with a radiator.
BEDROOM THREE
A further well-proportioned bedroom benefiting from a UPVC-framed double-glazed window providing natural light, together with a radiator.
EXTERNALLY
To the rear of the property is a shared courtyard with gated access, providing a practical external area and convenient access to the property.
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